[ad_1] BENGALURU: Wipro’s revenue dropped 0.7% year-on-year in constant currency in the Dec quarter, while it grew 0.1% sequentially, coming at the upper end of the guidance. It forecast a sequential revenue growth of -2% to 0% in constant currency in the Dec quarter. “2024 was marked by macro-economic challenges. 2025 looks more hopeful and…
[ad_1] MUMBAI: Forex reserves fell for the sixth consecutive week to a 10-month low of $625.9 billion as of Jan 10, declining by $8.7 billion in the week and $23.5 billion in five weeks. The decline – down $79 billion from an all-time high of $704.9 billion in late Sept – reflects RBI‘s dollar sales…
[ad_1] MUMBAI: The benefits of intervening in the foreign exchange market for emerging market economies like India far outweigh the costs, according to an article published in RBI’s Jan bulletin.The authors highlight that RBI’s interventions, both in the spot and forward markets, have effectively countered the volatility of capital flows. The report finds evidence of…
[ad_1] BENGALURU: Tech Mahindra’s revenue grew by 1.3% year-on-year in constant currency in the Dec quarter. Its revenue rose by 1.2% sequentially. “We see an improved rate of deal wins in our key verticals and prioritised markets. This, coupled with consistent expansion in operating margins, despite cross-currency headwinds during the quarter, reaffirms that we are…
[ad_1] NEW DELHI: Commerce and industry minister Piyush Goyal will hold discussions in Brussels with Commissioner of European Commission for Trade and Economic Security Maros Sefcovic from Jan 18-20 on the proposed free trade agreement between the two. Stay informed with the latest Business News on Times of India. Explore the list of Bank Holidays,…
[ad_1] NEW DELHI: The Union Cabinet has approved a Rs 11,440 crore revival plan for debt-laden Rashtriya Ispat Nigam (RINL), according to a statement released on Friday.The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has approved the revival plan for RINL for Rs 11,440 crore, it added. The infusion includes…
[ad_1] Hindenburg’s investigations have resulted in substantial market value losses for several companies. Hindenburg shutdown: Nate Anderson, founder of Hindenburg Research, announced on Wednesday the shut down of his US investment firm, stating they have completed all ongoing projects.The firm’s investigations have resulted in substantial market value losses for several companies, notably including the Indian…
[ad_1] The market value of Murthy family’s 4.02% stake in Infosys decreased to Rs 30,334 crore. Infosys share price today: India’s second largest IT services firm, Infosys’ shares fell by nearly 6% to Rs 1,812.70 on the BSE, causing a significant reduction of approximately Rs 1,900 crore in Narayana Murthy’s combined family net worth. The…
[ad_1] WASHINGTON: US industrial production fared much better than expected last month, the Federal Reserve said Friday, rising sharply as aircraft manufacturing rebounded after the end of a strike at Boeing. Industrial output increased by 0.9 percent in December after rising by a revised 0.2 percent a month prior, the Fed said in a statement.This…
[ad_1] NEW DELHI: General insurer ICICI Lombard on Friday reported a 68 per cent rise in its net profit at Rs 724 crore in the three months ended December 2024. The company had earned a net profit of Rs 431 crore in the same period a year ago. Its gross direct premium income for the…
